Senate looks at tech and innovation, including CBDC development, as critical area within rising tensions with China. On July 22, the Senate Banking Committee’s Subcommittee on Economic Policy held a hearing on the role of innovation in the rising com Today’s hearing comes on the heels of a Department of Justice indictment yesterday against several […]
Continue Reading
America still lags behind countries like China, the United Arab Emirates and Switzerland when it comes to blockchain adoption. As blockchain adoption continues to garner mainstream traction across the private sector, an increasing number of government agencies are too looking to explore the potential of the technology. For example, the United States Food and Drug […]
Continue Reading
Cisco Systems says a new botnet mines Monero and steals data from the victims. The threat intelligence team at Cisco Systems discovered a new cryptojacking botnet named “Prometei.” This botnet both mines Monero (XMR) and steals data from the targeted system. According to the paper sent to Cointelegraph, the botnet has been active since May. […]
Continue Reading
Blockchain project Avalanche raises $42 million in a public sale, with the mainnet launch now being expected to come by the end of August. The Avalanche project, a blockchain protocol founded by Cornell’s Emin Gün Sirer, has completed a $42 million public token sale after raising $12 million in a private sale in June. Avalanche […]
Continue Reading
Russia’s newly passed crypto bill finally provides a legal status to crypto, but does not allow it to be used as a payment method. Russia passed a major bill today related to cryptocurrencies like Bitcoin (BTC). The State Duma — Russia’s legislative body — has passed a bill titled “On Digital Financial Assets” in its […]
Continue Reading
A subsidiary of $80 billion German behemoth Deutsche Telekom has become a Chainlink node operator and will engage in “generalized mining.” A subsidiary of Deutsche Telekom called T-Systems has become a Chainlink (LINK) node operator. Deutsche Telekom is one of Germany’s leading companies, employing over 200,000 people and has a market capitalization of $80 billion. […]
Continue Reading
Three metrics show a bull trend is brewing, according to CryptoQuant CEO, as fewer investors are seemingly compelled to sell BTC. According to Ki Young-Ju, the CEO of market research firm CryptoQuant, three key on-chain indicators are currently signaling a Bitcoin (BTC) price uptrend. Metrics that hint at a bull market are less selling pressure […]
Continue Reading
According to former CFTC Commissioner Sharon Bowen, the U.S. is behind other nations working on a CBDC. Sharon Bowen, a former Commissioner at the United States Commodities Futures Trading Commission, today said that the U.S. was falling behind other nations that are working on a central bank digital currency, or CBDC. During a webinar hosted […]
Continue Reading
Tether has reached $10 billion in market capitalization as growth in 2020 picked up. Tether (USDT) has reached a market capitalization of more than $10 billion as of July 22. The milestone was announced by Tether and also seen through the market price aggregator CoinGecko. Tether’s issuance has seen a significant growth in 2020, doubling […]
Continue Reading
China’s Supreme Court has called to strengthen property laws pertaining to digital currency, network virtual property and data. The Chinese Supreme Court believes that cryptocurrency property rights should be strengthened. In a document published on July 22, China’s Supreme Court calls for strengthening the protection of property rights pertaining to — among other things — […]
Continue Reading